XRP has shown relative price stability over the years, even after experiencing several market cycles, but some believe this trend might be beneficial for adoption.
XRP’s Relative Price Stability
After reaching its all-time high of $3.31 in January 2018, XRP saw a massive drop and began trading within a narrow range of $0.52 to $0.25 between July 2018 and June 2019.
Notably, the price hit a low of $0.11 in March 2020 before recovering to $1.96 in April 2021. However, XRP has since returned to the $0.50 range, with its current value sitting at $0.54. For context, Bitcoin (BTC) traded between $3K and $13K from July 2018 to June 2019. However, it now changes hands at $68K, with no likelihood of revisiting the $13K range.
Similarly, between July 2018 and June 2019, Ethereum (ETH) changed hands in a range of $223 to $514. Now, the altcoin king trades for $2,646, with the possibility of revisiting the $500 level nearly non-existent.
